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What are the characteristics of a Limited Liability Partnership ( LLP ) ? All partners are completely responsible for all mistakes the business makes. Each

What are the characteristics of a Limited Liability Partnership

(

LLP

) ?

All partners are completely responsible for all mistakes the business makes.

Each partner IS liable or responsible for another partner's negligence or misconduct.

One partner is responsible or liable for another partner's negligence but not responsible for their misconduct.

One partner IS NOT liable or responsible for another partner's negligence or misconduct.

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